McDonald’s Corp., which is replacing its chief executive officer in a bid to reignite growth, posted a worse-than-projected decline in global sales for January, dragged down by a slump at its Asian restaurants.
The sales, which measure locations open at least 13 months, fell 1.8 percent last month, the Oak Brook, Illinois-based company said in a statement Monday. Analysts had estimated a 1.2 percent decline, according to Consensus Metrix. While U.S. sales narrowly increased, the region that includes Asia, the Middle East and Africa plunged almost 13 percent.
The results underscore the challenges facing incoming CEO Steve Easterbrook as he charts a new course for the world’s largest fast-food chain. The sales slowdown led to the resignation of McDonald’s current leader, Don Thompson, after less than three years in the job.